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Lethbridge Herald Newspaper Archives

- Page 36

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Lethbridge Herald, The (Newspaper) - July 22, 1971, Lethbridge, Alberta 14 THE IETHBRIDGE HERALD Thursday, July 11, 1971 REPORTER Zaritsky, reporter for (he Globe and Mail, was fined S5M for refusing to tell a ju- dicial inquiry liow he obtain- ed a copy of a confidential Ontario government report on Niagara land acquisition. Zar- itsky said lie would appeal the contempt conviction. Britons on spending binge LONDON (AP) Prices of consumer goods came tumbling down in the wake of tax cuts and Britons looked forward tliis week to a spending spree. Tax cuts announced in Treas- ury chief Anthony Barber's summer mini-budget covered almost an entire range of con- sumer food. And by ending all government control on installment Britons call it "the never-nev- bro.ight a new car or colored television within reach of millions who were previously obliged to wait. Barber's cuts were prompted by an urgent need to stimulate industry and cut unemployment, now running at In a full year they leave the taxpayer with million which otherwise would have gone to the government. Barber could afford it because Britain now is running a million profit on its annual trade with the rest of the world. PROMISE CUTS Supermarkets, drug stores, auto showrooms and television dealers all promised immediate price cuts. The National Cham- ber of Trade said: "Prices are down right away. The public ex- pects it and competition among dealers makes it inevitable For many Britons, the end of New gold rush on at Edmonton EDMONTON